What is Rigado?
Rigado provides a robust Edge as a Service platform designed to deliver secure, reliable wireless data for commercial IoT applications. By specializing in enterprise-grade solutions, the company addresses the unique connectivity challenges faced by sectors such as retail, grocery, quick-service restaurants, and pharmaceutical monitoring. Its core product suite, which includes Edge Connect and Edge Direct, alongside advanced IoT gateways and access points, empowers organizations to maintain optimal network performance and device health.
The company's market position is anchored in its ability to facilitate the adoption of smart retail technology. Through continuous inventory tracking and sophisticated device management, Rigado enables businesses to transform raw data into actionable operational insights. This focus on high-reliability infrastructure makes Rigado an essential partner for enterprises looking to modernize their physical operations through integrated, scalable IoT ecosystems.
How much funding has Rigado raised?
Rigado has raised a total of $21.2M across 4 funding rounds:
Corporate Investment
$5.2M
Series A
$15M
Debt
$350K
Debt
$637K
Corporate Investment (2018): $5.2M with participation from Madrona Venture Group
Series A (2019): $15M led by Oregon Venture Fund, FusionX Ventures, Rogue Ventures, and Madrona Venture Group
Debt (2020): $350K supported by PPP
Debt (2021): $637K featuring PPP
Key Investors in Rigado
Madrona Venture Group
Founded in 1995, Madrona Venture Group is a venture capitalist investment company including consumer internet, commercial software, and services.
Oregon Venture Fund
Oregon Venture Fund is dedicated to investing in and supporting the next generation of world-class growth companies, focusing on ambitious founding teams with innovative solutions.
FusionX Ventures
FusionX Ventures is a venture capital firm based in Southern California that focuses on investing in early-stage startups within the technology, industrial, and medical/life science sectors.
What's next for Rigado?
With the recent influx of capital, Rigado is well-positioned to accelerate its product roadmap and expand its footprint in the enterprise IoT market. The strategic focus will likely center on enhancing the security and scalability of its Edge as a Service platform to meet the increasing demands of global retail and industrial clients. As the company continues to refine its gateway technology, it is expected to deepen its integration capabilities, further simplifying the deployment of complex IoT networks.
Looking ahead, Rigado's ability to leverage its existing partnerships with venture capital firms will be instrumental in navigating the competitive landscape. By prioritizing innovation in device management and network reliability, the company is poised to capture a larger share of the digital transformation market, providing the foundational connectivity required for the next generation of smart enterprise applications.
